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In this tax year, Alonzo has a share of partnership profits of 450,000, out of...

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Accounting

In this tax year, Alonzo has a share of partnership profits of 450,000, out of which he makes gross pension contributions of 40,000 and pays interest of 125,000 on a loan in his name taken out for the purposes of buying plan and machinery for the partnership. How much of this interest will NOT benefit from tax relief

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